Argentine pension plan could postpone default (AP)

Posted by admin on October 23, 2008 under News | 4 Comments to Read

Argentine pension plan could postpone default (AP)

Brokers work at the Buenos Aires Stock Exchange, in Buenos Aires, Tuesday, Oct. 21, 2008. Argentine stocks plunged by 13 percent Tuesday in reaction to government plans to nationalize nearly US$30 billion in private pension funds. (AP Photo/Eduardo Di Baia)AP – Argentina’s surprise move to nationalize $30.1 billion in private pension funds amid the global fiscal crisis has driven the nation’s benchmark stock index down 20 percent in two days.


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